Nifty Tips: Mumbai: About Seventeen Thousand employees of the Reserve Bank of India are set to go on strike on Thursday for better retirement profit and to oppose reforms to the central bank, raising the prospect of disruptions to banks and markets.

The four unions that have conduct the strike say the reforms will reduce the RBI's regulatory powers and take away debt management tasks away from the central bank.

The strike is the first at the central bank in six years.

Several senior executive who spoke to Reuters said they did not agree with the opponents, opposing side, other side, other team, competition, competitor to planned reforms, most of which have been amended to include suggestions from RBI Governor Mr. Raghuram Rajan, but all workers will nonetheless support the strike.

Until the RBI announces contingency measures, the bang is expected to affect payment and accommodation at banks and in markets, but is unlikely to have much affect on the final shape of improve to the CB.

"Employees of all division inclusive of payments and settlement will participate in the bang," said Mr. Ajit Subhedar, President of All India Reserve Bank Employees Association.

The union is also opposing the put forward creation of a monetary policy committee that would include members of the government, seeing it as a curb on the RBI's conclusion-making powers.

The RBI did not have immediate comment on the impact on the strike or on potential disruptions to payments and accommodation.

The unpredictability kept many banks away from government bonds on Wednesday with volumes drop dawn to 92.65 billion rupees ($1.40 billion), smaller than half of its daily average.

Previously RBI employees struck work was in 2009, again for higher pensions.